Description
You can immediately download the Thermowaste Recycling Manufacturing Business sample project report format template, in MS Excel or word/pdf format.
These reports will help you prepare a project report as per your objectives. This report will also help study the project and gather information about the project.
Thermocol, also known as Expanded Polystyrene (EPS), is a packaging material used to preserve high-value items such as televisions, refrigerators, and computers. Currently, Thermocol is thrown away after use instead of being recycled. It is either discarded in landfills, burned openly, polluting the air, or tossed into sewers, clogging drains.
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Introduction
Thermocol is a plastic that is 100% recyclable and has a high recycling value. However, collecting, storing, and transporting is costly because it is 95% air and a low-weight – high volume (big space required) plastic waste product.
Even though thermocol goods make up a minor percentage of the city’s rubbish (approximately 4%), they are concerned that thermocol would be used as a substitute if plastic is banned. Thermocol can be solid or foamy (like styrofoam) and is commonly used in protective packaging due to its durability.
No consumer product, whether ordered online or purchased in a store, is shipped without thermocol as a cushioning material. Thermocol, like plastic, has become an inextricable part of our daily lives while also contributing significantly to India’s waste crisis. The enlarged form of Polystyrene, which is nothing more than a sort of plastic, is commonly seen in large quantities in our landfills and floating in aquatic bodies. As a result, there is a potential environmental risk.
While the government has explicitly laid out requirements for processing plastic garbage, no special laws address thermocol waste. Therefore it is now lumped in with plastic waste. The majority of thermocol trash in India is currently exclusively recycled at the manufacturing level. As a result, thermocol dumped at home ends up in trenching grounds or water bodies. The civic bodies should establish thermocol recycling plants under the PPP model.
There is a seasonal variation in the formation of thermocol waste. The generation is at its peak from September to December when most of the festivities occur. Currently, all thermocol waste is disposed of in a local landfill.”
Market Potential
The thermocol waste will be handled using an electric melting process, with the end product being polystyrene lumps that will be sold to plastic manufacturing companies, creating cash. Thermocol may be reused several times because it is non-biodegradable and has a longer shelf life. Right now, only approximately 12% of polystyrene waste is being recycled, with roughly a third ending up in landfills.
Every day, India produces about 0.025 MT of plastic waste. Thermoplastic material accounts for 94 per cent of this and comprises polyethene terephthalate (PET), low-density polyethene (LPDE), high-density polyethene (HDPE), and polyvinyl chloride (PVC), all of which are recyclable. Thermoset plastics, including sheet moulded composite (SMC), fibre-reinforced plastic (FRP), multi-layered, and thermocol, account for 6% of non-recyclable waste.
Plastic and packaging companies (PPCs) have a significant market share in India. For the estimated period of the Year 2024 – 2027, the thermocol packaging market is expected to increase at a pace of 3.50 per cent. Thermocol packaging market research examines the current growth, which is being fueled by increasing uses in the vehicle industry.
Product Benefits & Uses
- Thermocol has numerous advantages. It is the material of choice for thermal insulation. It also has a closed-cell structure, which means it has limited thermal conductivity. Other materials have an open-cell structure, making them ineffective when exposed to moisture.
- Second, it is fungi-resistant, tasteless, and odourless. As a result, it’s the ideal packaging material for pharmaceuticals. It also aids in maintaining a comfortable temperature.
- Fruits such as mangoes, papayas, grapes, and other tropical fruits can be packaged with EPS since they are thermally protected.
- Because thermocol is strong and absorbs shocks, it’s great for packaging and shipping white products.
- Thermocol appears to be a manufactured substance made up of monomer-styrene aromatic hydrocarbons.
- The use of heat-insulation materials is highly recommended.
- It can be used to transport containers as well as appliances.
- It aids in the maintenance of thermal balance.
- This product is suitable for packaging medications.
- They’re not too heavy.
- It’s also a petroleum component that disintegrates in a specific petroleum liquid.
- It may be shaped into any shape needed.
- As the thermocol becomes more substantial, it absorbs impulses.
- It has no flavour, no odour, and is entirely resistant to fungi.
Raw Material
In the thermowaste recycling process, thermocol scrap is employed as the primary raw material. The average raw material cost per KG is around Rs.35-40.
Process of Manufacturing
According to production needs, scrap thermocol material is purchased from the vendor and stored in the raw material warehouse. Material handling equipment is used to transport the raw materials to the plant and feed them into their designated storage vessels. The measured amount of raw material is fed into the hopper of the thermocol extrusion machine. Grinding is the next phase in the waste recycling process after induction. The waste material from the little pellets is removed using a grinder. Scrap is ground and melted in a machine barrel before being turned into granules during the pelletizing process. The final step is to cut the grinder. The finished product (granules) is then packaged in cartons and sold.
The Marketing Plan
Everything you do to figure out who your clients are and what they need and want is marketing. It’s about how to satisfy people by:
- Providing the items or services they require.
- Establishing prices that they are prepared to pay.
- Please provide them with your goods or services.
- Informing and attracting them to purchase your goods and services.
Starting and operating a business necessitates the use of marketing. It doesn’t matter how good your product or service is; if you don’t promote it properly, just a small percentage of people will purchase it.
Marketing is never-ending. Throughout your business, you should pay attention to your customers’ needs and provide excellent service.
Your marketing strategy should begin with your business concept. To discover more about your clients and rivals, undertake market research using your business idea as a starting point. Finally, you create a marketing strategy based on the findings of your market research.
Key Points Cover in Sample Project Report
Table of Contents
| Sr. No. | Particulars |
| 1 | Purpose of The Document |
| 2 | Introduction |
| 3 | Market Potential |
| 4 | Product Description |
| 5 | Product Benefits & Uses |
| 6 | Advantages |
| 7 | Raw Material |
| 8 | Manufacturing Process |
| 9 | Thermowaste Recycling Process |
| 10 | Technical Process Flow Chart |
| 11 | Project Components |
| 12 | Land |
| 13 | Plant & Machinery List |
| 14 | Power Requirement |
| 15 | Manpower Requirement |
| 16 | Cost of Project |
| 17 | Means of Finance |
| 18 | Projected Balance Sheet |
| 19 | Projected Profitability Statement |
| 20 | Cash Flow Statement |
| 21 | Production And Yield |
| 22 | Computation of Revenue |
| 23 | Working Capital Assessment |
| 24 | Computation of Working Capital Requirement |
| 25 | Power, Salary & Wages Calculation |
| 26 | Break Up of Staff Charges |
| 27 | Utility Charges (Per Month) |
| 28 | Financial Ratio Analysis |
| 29 | Calculation of D.S.C.R |
| 30 | Depreciation |
| 31 | Repayment Schedule of Term Loan |
| 32 | Financial Indicators |
| 33 | License & Approvals |
| 34 | Implementation Schedule |
| 35 | Assumptions |
Apart from this, all the information is being provided. To help in preparing project reports.
Q&A (Questions/Answers)
Thermocol Recycling is a profitable business or not?
Thermocol is a plastic that is 100% recyclable and has a high recycling value. As a result, it is a high-weight, low-volume product that can be readily carried for recycling. The machine is low-cost, low-maintenance, low-power, safe, emits no pollutants, is portable, and simple to operate.
At a recycling factory, the cost of processing any commodity is around $75 per tonne. Each tonne of cardboard would earn a profit of $50, divided between the town and the recycling company. A profit of $5 per tonne would be made on paper, divided between the municipality and the recycling company.
You can get more information about the recycling business by reading our article Top 15 Scrap Business Ideas.
Is thermocol environmentally friendly?
Even though both plastic and thermocol are non-biodegradable, plastic is more easily recyclable than thermocol. Though the draught notification explicitly states that thermocol plates and cups are environmentally hazardous, neither styrofoam nor thermocol is mentioned in the operative paragraph.
